Saturday, June 30, 2012

It’s official … Obamacare is here to stay. Of course, if Romney wins on
November 6, it might get repealed. But that also depends on who controls
Congress.

So what does this mean for Boomers?

Here’s my take:

The wealthy—

They’ll still be able to afford insurance premiums, no matter how high they
get. And if their favorite docs stop accepting insurance — something I expect
many will do — the wealthy will dip a little deeper into their own pockets.

The poor—

They’ll likely have better access to medical care. They won’t have to go to
emergency rooms for minor illnesses. And they might be encouraged to take more
preventive steps, such as annual physicals.

The average Joes, like you and me—

We’ll get hit the hardest. Small employers will drop group health
insurance, and our premiums will rise. Care will be tougher to get because more
people will pile into waiting rooms. Read some of the horror stories from Canada and the UK to get an idea of what we’ll
face.

Until we vote on November 6, there isn’t much we can do about this. It is
what it is.

So let’s talk about …

Long-term care

Don’t expect Obamacare to give you any help with long-term care expenses. The
CLASS Act entitlement was Obamacare’s first casualty and a huge embarrassment. I
shouted from the rooftops over and over how this just would not work!
Eventually someone in the administration woke up and quietly pulled the plug on
it, hoping not to draw much attention.

And as with healthcare the wealthy will simply write a check for their
long-term care expenses, and the poor were already covered by Medicaid. So
guess who is stuck in the middle again? Yeap, you and me.

But at least with long-term care you have some ways to assure you can
receive the best care possible in case your health changes, without wiping out
your nest egg. Insurance and Medicaid-planning are two examples.

This week’s ruling was indeed a wakeup call … hardworking Americans who
have saved diligently all their lives must assume greater responsibility for
their futures. The time to do that is now.

Thursday, June 7, 2012

Some refreshing news came out this morning that should put a smile on your
face …It seems that last year, Americans were ranked as the most giving people in
the world in terms of donating our time and money to not-for-profit causes.
That’s up from fifth place the year before.

Here are the findings: 65% of us donated cash, 43% gave time, and 73%
helped a stranger.Thailand led
the pack in cash gifts: 85% of its residents opened their wallets. And the UK came in with
79%.However, the Brits and most of the rest of the world are about half as
likely to donate their time to charities as Americans, thereby boosting us to
the #1 spot.

You can see the complete breakdown in the Huffington
Post.This should tell the occupiers and the wealth-distribution movement out
there that despite personal and economic hardships, American's remain
steadfastly committed to each other and their communities. And the simple truth
is: For a greedy, capitalistic society, we aren’t so bad after all.Best wishes,George

Tuesday, June 5, 2012

Did you finally decide to take a
big step in long-term care planning? Good for you!

But when you tried to buy insurance
did the company reject you because you have a severe health issue, such as cystic fibrosis, diabetes, cancer, Parkinson's, multiple sclerosis,
or osteoporosis?

United Security Assurance Company just
might have a solution for you ...

The
company has a plan that expands traditional health requirement guidelines and is designed
for individuals who have previously been or who would otherwise be turned down
for long-term care insurance.

This plan
is now available in Pennsylvania, Iowa, Kentucky, Florida, Illinois, Missouri, Nebraska, North Dakota, Ohio, Pennsylvania, South Dakota, Texas, and Washington.

I’m not
endorsing the company or its insurance plans. You’ll have to check them out on
your own. Click here
to find an agent near you. But at least now you know there could be a viable
option for paying nursing home costs.